Look to the Future

At a conference organized by the Belgian Commission for Electricity and Gas Regulation (CREG), Philip Baker spoke about the importance of wholesale market reform, customer participation, and the integration of renewable energy resources, as they relate to the European Commission’s “Winter Package” of energy legislation.

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State and federal utility regulators have traditionally controlled the electric power industry through their decisions. But rapid technology change means cleaner, lower-cost, and more resilient options for meeting customers’ energy needs are or soon will be available. Customers may soon have cost-effective options to meet their own energy needs through transactive platforms and markets. Regulators...